Gerold Niggemann Acquires Multifamily Property At 383 West End Avenue For $5.27M
383 West End Avenue
$5,267,500
$2,194/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Jun 22, 2026
AI
Gerold Niggemann acquired a multifamily property located at 383 West End Avenue in Manhattan's Upper West Side for $5,267,500. The property has a total area of 2,400 square feet, indicating a price per square foot of $2,195. The deal was finalized on June 22, 2026.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,267,500
- Address: 383 West End Avenue
- Market: Upper West Side, Manhattan
- Square Footage: 2,400
- Price Per Square Foot: $2,195
- Buyer: Gerold Niggemann
- Seller: Francis Wing On Tsang
This transaction involved Gerold Niggemann acting as the buyer and Francis Wing On Tsang as the seller. The involved parties ensure the deal aligns with the market conditions and property attributes of the Upper West Side area in Manhattan.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93